Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ryanair Holdings plc (RY4C.DE)

Company Dividend Discount ModelIndustry: Airlines, Airports & Air ServicesSector: Industrials

Valuation Snapshot

Stable Growth$64.85 - $260.47$110.72
Multi-Stage$40.15 - $43.90$41.99
Blended Fair Value$76.36
Current Price$24.02
Upside217.88%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.400.180.000.000.000.000.000.000.000.37
YoY Growth--119.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%
Dividend Yield--1.68%1.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,359.20
(-) Cash Dividends Paid (M)437.70
(=) Cash Retained (M)1,921.50
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)471.84294.90176.94
Cash Retained (M)1,921.501,921.501,921.50
(-) Cash Required (M)-471.84-294.90-176.94
(=) Excess Retained (M)1,449.661,626.601,744.56
(/) Shares Outstanding (M)1,084.951,084.951,084.95
(=) Excess Retained per Share1.341.501.61
LTM Dividend per Share0.400.400.40
(+) Excess Retained per Share1.341.501.61
(=) Adjusted Dividend1.741.902.01
WACC / Discount Rate8.33%8.33%8.33%
Growth Rate5.50%6.50%7.50%
Fair Value$64.85$110.72$260.47
Upside / Downside169.97%360.95%984.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,359.202,512.552,675.862,849.793,035.033,232.313,329.28
Payout Ratio18.55%32.84%47.13%61.42%75.71%90.00%92.50%
Projected Dividends (M)437.70825.181,261.181,750.382,297.842,909.083,079.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.33%8.33%8.33%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)754.57761.73768.88
Year 2 PV (M)1,054.591,074.681,094.96
Year 3 PV (M)1,338.421,376.841,415.99
Year 4 PV (M)1,606.701,668.491,732.04
Year 5 PV (M)1,860.041,949.882,043.16
PV of Terminal Value (M)36,942.0138,726.3240,578.92
Equity Value (M)43,556.3345,557.9447,633.95
Shares Outstanding (M)1,084.951,084.951,084.95
Fair Value$40.15$41.99$43.90
Upside / Downside67.14%74.82%82.78%

High-Yield Dividend Screener

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